The cryptocurrency market has attained new normalcy after stepping in the new year. Likewise, the major coins seeing double-digit gains have been restricted by the new year. However, some coins like Litecoin [LTC] have still managed to grow by 6.76% over the past week.
As per the charts of Litecoin, the coin was valued at $35.57 with a market cap of $2 billion. The coin registered a 24-hour trade volume of $707 million with a growth of over 6% in the past week and reported an overall growth of 11.97%. However, the coin is seen slipping in the past hour by 0.68%, at the time of press.
As per the maximum trading volume, OKEx registered a trading volume of $67 million with LTC/BTC pair, followed by ZB.COM that traded at a volume of $65 million with LTC/USDT pair. The third position was taken by Bit-z, registering a volume of $63 million with LTC/BTC pair.
The coin has been in the news lately as it has seen massive adoption in the past year. Recently the coin became the first cryptocurrency to ever sponsor UFC 232. The logo of the coin was placed on the Octagon on the canvas, which is a big step for the coin’s adoption.
This news was very well celebrated by the Twitter community and also about the recent rally of Litecoin. One of the Twitter users, Litecoin Master tweeted:
1. It’s undervalued 37x less market cap than bitcoin
2. It’s on same path as bitcoin 7 yrs vs 10 yrs
3. #Litecoin halving is Aug 2019, inflation drops from 9 to 4%
4. Litecoin will add privacy
5. Litecoin on network
6. UFC partnership
While another user Edin Jusupovic wrote:
“When Litecoin hits $1000, assuming a 70M LTC circulation, that’s only a small $70B market cap. Apple single-handedly wiped out $64 billion in just a matter of hours after revising revenue projections.
Litecoin is sound money for the world, and it’s worth 10x more than Apple.”
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